Parallel Capital Partners Announces Support for Regional Food Banks Amidst COVID-19 Crisis
$30,000 Donation to Support Six Regional Markets.
- San Diego, CA (1888PressRelease) April 25, 2020 - With food banks nationwide facing a sharp drop in donations amidst the COVID-19 crisis, San Diego-based Parallel Capital Partners, Inc. has announced it will donate a total of $30,000 to regional charitable food distributors in its six primary markets: San Diego, Honolulu, Dallas, Long Beach, Orange County and Phoenix.
According to Matt Root, managing partner and CEO of Parallel, a real estate investment and operating firm, his company’s goal is to help support each community it serves. “Communities nationwide are struggling as the result of the coronavirus outbreak. As a result, food banks today are facing a triple whammy: fewer volunteers due to social distancing mandates, a surge of food insecurity because of worsening economic conditions and declining food donations,” he said. “Through these donations we hope to support those who are facing economic hardship during these turbulent times.”
According to the national nonprofit Feeding America, food banks are a critical resource and are helping millions of Americans navigate this crisis via emergency food boxes, drive-through pantries and long-term support.
With all of this in mind, Parallel will donate $5,000 to each of the following charities:
San Diego: Feeding San Diego
Hawaii: Hawaii Food Bank
Orange County: Second Harvest Food Bank Orange County
Long Beach: Food Bank of Southern California
Phoenix: Arizona Food Bank Network
Dallas: North Texas Food Bank
The donation program is a part of Parallel’s community initiative, Parallel Cares, which oversees corporate donations and encourages employee volunteerism. An essential part of the company culture, Parallel Cares makes regular donations to various non-profits, sponsors team and community events and organizes hands-on charitable activities.
About Parallel Capital Partners, Inc.
Parallel Capital Partners, Inc. (parallelcapitalpartners.com) is a real estate investment and operating firm that focuses on office, industrial and retail property acquisition in markets in the western U.S. and Hawaii. The company identifies opportunities where assets are undervalued and uses restructuring, capital improvements and superior leasing and management to turn value-added opportunities into core properties.
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